Whole Foods Market Inc. (WFM) Moves Higher on Volume Spike for June 19

Equities Staff  |

Whole Foods Market Inc. (WFM) traded on unusually high volume on Jun. 19, as the stock gained 1.27% to close at $43.22. On the day, Whole Foods Market Inc. saw 20.67 million shares trade hands on 104,120 trades. Considering that the stock averages only a daily volume of 8.47 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $43.45 and $27.67 over the last 52-weeks, its 50-day SMA is now $35.54, and its 200-day SMA $31.14. Whole Foods Market Inc. has a P/B ratio of 4.11. It also has a P/E ratio of 33.9.

Whole Foods Market Inc is a certified and one of the leading retailer of natural and organic foods. It operates from over 400 stores across the US, Canada, and UK offering natural and organic food supplies from its supermarkets.

Headquartered in Austin, TX, Whole Foods Market Inc. has 87,000 employees and is currently under the leadership of CEO John P. Mackey.

For a complete fundamental analysis analysis of Whole Foods Market Inc., check out Equities.com’s Stock Valuation Analysis report for WFM.

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To get more information on Whole Foods Market Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: WFM’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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